Conservation and Biodiversity Banking

by Carroll, Nathaniel; Fox, Jessica; Bayon, Ricardo

• ISBN13: 9781844074716
• ISBN10: 1844074714
• Format: Hardcover
• Copyright: 2008-01-30
• Publisher: Routledge

Summary

The conservation of biodiversity is now big business. Whether called conservation banking, species banking, habitat banking, biodiversity banking, biodiversity offsets, compensatory mitigation or ecological footprint offsetting, the idea of financially valuing biodiversity and using the market and businesses to promote conservation is growing rapidly. This handbook is a comprehensive guide to conservation banking explaining: what it is and how it works. The book covers the origins of conservation banking; the pros and cons of this approach to conservation, how conservation banking works in reality; the legal, practical and financial aspects of setting up and running a conservation bank; and how biodiversity off-sets can be internationalized. Authored by leading experts in the field of ecosystem markets, the book provides practical guidance, tools, case studies, analysis and insights into conservation banking in the United States, its biodiversity banking namesake in Australia and other similar approaches internationally. It is an essential one-stop reference manual for conservation organizations, private landowners, developers, complying industries, regulating agencies, policy makers, bank developers and investors in the US, Australia, Europe and elsewhere where market-based solutions to the loss of biodiversity and species extinction are being considered.

Author Biography

Jessica Fox is a Senior Scientist and Manager of the Eco-asset program at EPRI Solutions in Palo Alto, California, USA.

Table of Contents

Forewords	p. vii
List of Authors	p. xi
Acknowledgements	p. xvi
List of Acronyms and Abbreviations	p. xvii
List of Figures, Tables and Boxes	p. xix
Overview	p. 1
Introduction	p. 4
History and Theory: The Origin and Evolution of Conservation Banking	p. 9
The Advantages and Opportunities	p. 33
The Pitfalls and Challenges	p. 43
Establishing a Conservation Bank	p. 51
Ecological Considerations	p. 53
Legal Considerations	p. 69
Regulatory Considerations	p. 89
Business Considerations	p. 109
Financial Considerations	p. 127
State of the Art	p. 157
Fish Banking	p. 159
Getting Two for One: Opportunities and Challenges in Credit Stacking	p. 171
The Marine Leap: Conservation Banking and the Brave New World	p. 181
Going Global	p. 187
Biodiversity Offsets	p. 189
Australia's Biodiversity Credits	p. 205
Conclusion	p. 221
The Future of Biodiversity Offset Banking	p. 223
US Federal Guidance for Conservation Banks	p. 227
Template for a Conservation Bank Agreement	p. 249
Template for a Bank's Conservation Easement	p. 267
Template for a Credit Sales Agreement	p. 281
Index	p. 289
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